Sladen Thoughts

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28/1/21 28/1/21

Sladen Snippet - ATO to resume super guarantee compliance action

In a recent industry forum, the ATO confirmed they will be resuming superannuation guarantee (SG) compliance action following a pause due to COVID-19. The ATO indicated they have a considerable backlog of SG compliance cases as a result of COVID-19, which they are now working through.

22/1/21 22/1/21

Payroll Tax Part 3: Are Business Profits and Distributions Subject to Payroll Tax?

It is common for many shareholders to also be workers and/or employees of a business. However, as a general rule, payments made to the persons in their capacity as shareholders are not subject to payroll tax.

Magdalena Njokos 19/1/21 Magdalena Njokos 19/1/21

Changes to the taxation of testamentary trusts

Legislation passed on 17 June 2020 has amended the ITAA36 to change the taxation treatment of distributions of income from testamentary trusts to minors.

14/1/21 14/1/21

Sladen snippet – Land tax surcharge triggered due to defective saving clause in the trust deed

Many state and federal taxing provisions provide different tax outcomes on the trustees of trusts depending on what type of trust is involved. One example of this is contained in the NSW land tax rules which provides for a land tax surcharge on unit trusts that are “special trusts” rather than “fixed trusts”.

Phil Broderick 11/1/21 Phil Broderick 11/1/21

Payroll Tax Series - Part 4 - The payroll tax nexus provisions

Where services are performed wholly in one Australian jurisdiction, payroll tax will be payable in that jurisdiction. For example Aaron is a receptionist and fully performs his job at an office in regional Victoria. His employer qualifies for payroll tax being charged at the regional rate, Aaron’s wages will be payable in Victoria at regional rates.